Khamzat Chimaev, Russian MMA fighter, embroiled in scam allegations as cryptocurrency plunges 94%

In a recent discussion thread, a blockchain analyst disclosed that more than 70% of insider and the SMASH development team wallets were found to be “directly linked” as they were funded by the same Ethereum address. According to ZachXBT’s data, the insiders’ wallets were funded through centralized trading platforms like Binance and SideShift. Despite these findings, Khamzat, a key figure in the project, has not issued any public statements in response to the allegations of incompetence. Consequently, amid scam accusations, the value of the SMASM token has plummeted by over 90% and is currently trading at $0.0003460, as reported by DEXScreener.

It is worth noting that the individual involved has a track record of endorsing various digital assets through their social media. Additionally, a spokesperson for Elliptic has explicitly stated that there is no partnership or affiliation with the mentioned entity, CAIZcoin. As a result, has reached out to the other referenced firms to verify their partnership status with the project, and will update their article accordingly if they receive a response.

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